Market Leaders | Most Units Sold | August 2020

August was an unusual month for condominium sales in the Washington Metro area. While there was plenty of activity, there was only one building with four sales, none with three and 11 with two! Let’s start with The Whitman in the Mount Vernon Triangle. This full service condominium has a fabulous rooftop deck and pool, and contemporary interior design with bright, open layouts. Topping the building’s four sales in August is Unit #720 with two bedrooms, 2.5 baths and 1,585 square feet of living space. Among the features is an outrageously modern brushed steel diner-style kitchen. This apartment listed for $1,350,000 and closed for $25K over asking at $1,375,000. It was the third-highest list-to-sales ratio for the month and fifth-highest price per square foot. The list of buildings with two sales each begins with the very trendy Floridian in the U Street Corridor. Unit #603 is a two-bedroom, two-bath apartment with raw concrete ceilings and exposed ductwork. After listing for $599,000, the condo sold for $628,000. That makes it the highest list-to-sales ratio for the month at 104.84 percent.

Among the two sales at 1745N in Dupont Circle’s Historic Row was Unit #412, a one-bedroom, one-bath flat with 815 square feet of space. The apartment initially listed for $624,900 before upping the price to $629,900 and ultimately selling for $650,000. City Vista in the Mount Vernon Triangle had two sales in August, including Unit #1220, a 700 square foot one-bedroom flat that listed for $539,000 and closed at $542,000. The landmark Flour Mill in Georgetown had two closings, including Unit #702, a two-bedroom, 1.5-bath residence with a spacious 2,700 square foot layout and an impressive $1.2 million sales price. The Wooster and Mercer Lofts in Rosslyn had two full price closings in August, including Unit #W406, a one bedroom penthouse with soaring 21-foot ceilings that sold for $1,195,000.

Other buildings with two sales each include Clara Barton in the Penn Quarter, Gallery Place in Chinatown, the grand old Wyoming in Kalorama, Union Row in the U Street Corridor, Ventana in the Penn Quarter, and Yale Steam Laundry in the Mount Vernon Triangle. The latter was once a laundry facility for the White House, and is now home to ultra-modern lofts. Also notable in August are two buildings that haven’t seen action in a while. Unit #601 at Cooper Lewis in Logan Circle was the first sale at that building since December 2018. The two-bedroom loft condo listed for $1,399,999 and closed at $1,385,000. Unit #301 at The Darcy in Bethesda was the first sale at that building since June 2019. The three-bedroom, 2.5-bath residence listed for $1,899,999 and closed at $1.8 million, making it the fourth-highest priced condo closing in August.

To see all the hottest building and category winners in August visit our DC Penthouse and Luxury Condo Marketing Activity Report.

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